New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 11, 2014
10:19 EDTQCOM, ERICQualcomm, Ericsson recommended by RBC Capital
Shares of Qualcomm (QCOM) and Ericsson (ERIC) are outperforming the broader market after RBC Capital said the stocks were good investments for the near-term. Qualcomm sells chips used in smartphones, while Ericsson is a provider of communications equipment. WHAT'S NEW: Qualcomm's royalty business remains healthy and defensible, RBC Capital analyst Mark Sue wrote in a note to investors earlier today. Additionally, Qualcomm should benefit from the expansion of LTE networks and it returns 75% of its free cash flow to shareholders, Sue stated. The analyst was also upbeat on Ericsson, as he expects the company's revenue to steadily grow by about 2%-5%. Like Qualcomm, Ericsson should benefit from the expansion of LTE networks, as the company has a 40% share of the global LTE market, Sue stated. The company can benefit from upgrades in Europe and new contracts in Japan and the analyst also thinks Ericsson could raise its dividend. Sue kept Outperform ratings on both Qualcomm and Ericsson. WHAT'S NOTABLE: On March 30, Barron's identified Ericsson as one of several companies that could benefit from increases in the value of their products and possibly become takeover targets for Google (GOOG) or other companies. Other technology vendors that are in this category include Alcatel Lucent (ALU), Nokia (NOK), and Ciena (CIEN). PRICE ACTION: In early trading, Qualcomm climbed 13c to $78.20 and Ericsson shares were down 4c to $13.17, while the Nasdaq index was down nearly 1%.
News For QCOM;ERIC From The Last 14 Days
Check below for free stories on QCOM;ERIC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
July 23, 2014
16:03 EDTQCOMQualcomm sees Q4 adjusted EPS $1.20-$1.35, consensus $1.39
Subscribe for More Information
16:01 EDTQCOMQualcomm raises FY14 EPS outlook
Subscribe for More Information
16:01 EDTQCOMQualcomm reports Q3 adjusted EPS $1.44, consensus $1.22
Subscribe for More Information
15:30 EDTQCOMNotable companies reporting after market close
Subscribe for More Information
14:47 EDTQCOMEarnings Preview: Qualcomm reports after Goldman takes off 'Conviction Buy' list
Subscribe for More Information
14:35 EDTQCOMQualcomm July weekly 81 straddle priced for 3.4% move into Q3
13:53 EDTQCOMQualcomm technical commentary ahead of results
Subscribe for More Information
11:33 EDTQCOMSamsung Ventures invests in BlueStacks, Business Insider reports
Subscribe for More Information
10:02 EDTQCOMOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:37 EDTQCOMQualcomm July weekly volatility elevated into Q3 and outlook
Subscribe for More Information
07:27 EDTQCOMQualcomm upgraded to Outperform from Market Perform at Northland
Subscribe for More Information
July 22, 2014
15:41 EDTQCOMQualcomm replaces NVIDIA in newest Xiaomi Mi phone, TechInAsia reports
Subscribe for More Information
15:39 EDTQCOMNVIDIA loses another Tegra socket to Qualcomm, says Pacific Crest
Subscribe for More Information
12:19 EDTQCOMQualcomm advances after Cowen sees shares poised to break-out
Shares of Qualcomm (QCOM), which develops mobile device components, are climbing after research firm Cowen wrote that the stock is poised to break-out above its recent range. WHAT'S NEW: Qualcomm's stock is well-positioned to advance above the trading range it has stayed in over the past three months, Cowen analyst Timothy Arcuri wrote in a note to investors earlier today. The company's Q3 results, due to be announced on July 23, should be in-line with or better than expectations, the analyst predicted. The company's QCT business unit - which provides solutions for smart connected devices - likely exceeded expectations last quarter, driven by gains in LTE technologies, according to Arcuri. Meanwhile, he believes that Qualcomm's technology licensing business should generate results at the high end of the unit's total available market, as its revenue from licensing technology for devices using the CDMA standard appears to have exceeded the high end of its guidance. Qualcomm's Q4 guidance could exceed expectations and the company's revenue growth may accelerate to double digit percentage levels, the analyst forecast. Furthermore, Qualcomm's profits are likely to be boosted by cost cutting and higher margins in its QCT business, Arcuri predicted. He kept an $86 price target and Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Qualcomm climbed $2, or 2.5%, to $81.69.
08:24 EDTQCOMQualcomm poised to break out of trading range, says Cowen
Subscribe for More Information
06:11 EDTERICEricsson selected by Claro in Costa Rica
Subscribe for More Information
July 18, 2014
10:11 EDTQCOMQualcomm July weekly volatility elevated into Q3 and revenue outlook
Qualcomm July weekly call option implied volatility is at 32, August is at 20, September, October and January is at 17; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on July 23.
09:55 EDTERICEricsson rallies sharply after earnings, levels to watch
Subscribe for More Information
09:24 EDTERICOn The Fly: Pre-market Movers
Subscribe for More Information
05:14 EDTERICEricsson reports Q2 Non-IFRS EPS SEK 1.07 vs. SEK 0.88 last year
Reports Q2 revenue SEK 54.8B vs. SEK 55.3B last year.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use